INTRALOT ANNOUNCES ITS 1ST QUARTER 2014 RESULTS - ROBUST YEAR START: + 25.3% REVENUES INCREASE
INTRALOT S.A., the leading international gaming company, announces today its financial results for the three-month period ending March 31st 2014, prepared in accordance with IFRS.
Consolidated Revenues for the period increased by 25.3%, to €445.7m. from €355.8m. in 3M2013. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) decreased by 6.3%, to €51.6m. Net of a negative FX impact of €4.7m, EBITDA reached €56.3m., an increase of 2.2% compared with the same period of 2013. Earnings Before Interest and Tax (EBIT) increased by 8.2%, to €31.1m. Net of a negative FX impact of €3.8m., EBIT reached €34.9m., an increase of 21.3% versus the 1Q 2013. Earnings Before Taxes (EBT) decreased by 21.5%, to €16.6m. Net of a negative FX impact of €4.0m., EBT reached €20.6m., a decrease of 2.9% compared with the same period last year.
Commenting on 1Q14 results INTRALOT Group CEO, Mr. Constantinos Antonopoulos, stated: “The year 2014 has set out to a good start for INTRALOT as we had a strong growth in the top-line and operating profits despite the continuing FX headwinds. During the first quarter of the year we started the implementation of the Group reorganization and we added to our portfolio some new projects in Europe and the US, in-line with our strategy to selectively expand our business and capitalize on our presence in existing jurisdictions.
Having successfully completed the new bond issue and extended the Group’s debt maturities significantly, we are well positioned to evaluate new opportunities worldwide.”
INTRALOT, a public listed company, is the leading supplier of integrated gaming and transaction processing systems, innovative game content, sports betting management and interactive gaming services to state-licensed gaming organizations worldwide. Its broad portfolio of products & services, its know-how of Lottery, Betting, Racing & Video Lottery operations and its leading-edge technology, give INTRALOT a competitive advantage, which contributes directly to customers’ efficiency, profitability and growth. With presence in 57 jurisdictions, more than 5.700 people and revenues of €1,54 billion for 2013, INTRALOT has established its presence on all 5 continents.